Market Thoughts: US Highs, China Drops, BTC Volatility

U.S. stocks capped the week with a record close on better-than-forecast earnings. Treasury yields fell after data signalled moderate inflation. S&P 500 Index closed at an all-time high of 2,939.88 after posting a 1.2% gain for the week following positive surprises from earnings releases. U.S. GDP expanded at a 3.2% annualized rate in Q1, beating estimates […]

Market Thoughts: Streaming Wars

Markets ended the week on a high note after several major banks kicked off the earnings season with decent numbers. Chinese export data for March also rebounded, bolstering optimism in the global economy. The S&P 500 gained for a third straight week, up 0.5% as it rose through the key 2,900 level for the first […]

Market Thoughts: Golden Crosses Abound — Markets and BTC Rally

Stock markets continue to chug higher, with the major US indices all ~2% or less from their all time highs. Three weeks ago, we noted that — despite our scepticism — we seemed to be looking at markets that “want to push higher across the board… despite the overhang of earnings, macro economy news, North Korea, and ongoing China […]

In the Spotlight: S and P 500, AMZN and More

Headlines this weekend are all about the buying wave which has hit 10-year Treasuries, which has triggered the first Treasuries yield curve inversion for the first time since 2007. This move follows a Fed policy shift and a less sanguine economic outlook. Viewed as a reliable harbinger of an impending recession and rate-cutting cycle within […]

Market Analysis: Resilience of Stocks

The theme over this last trading week has been one of remarkable resilience. After breaking down from key resistance levels, it seemed that a period of consolidation would follow. But, globally, markets instead rallied with conviction to retest their highs. We have been skeptical about the sustainability of the rally we have seen this year. […]